HST to PST: Transition Rules for Real Property
2012-12-18
Other On August 26, 2011, the provincial government announced that it will eliminate the Harmonized Sales Tax (HST) by March 31, 2013. Commencing April 1, 2013, in BC the HST will be replaced by the federal Goods and Services Tax (GST) and …
New Housing Transitional Rules
2012-12-18
Other The housing transition rules help ensure when people buy a newly constructed home under the PST, whether built entirely under the HST, entirely under the PST, or partly under HST and partly under the PST, they will generally all pay a…
New online resources to help members understand the New Housing Transition Tax and Rebate Act and Regulations
2012-12-13
Other On December 1, 2012, the New Housing Transition Tax and Rebate Act and Regulations came into force. To help you, BCREA has updated its online HST/PST resources, including the “HST to PST: Transition Rules for Real Property&rdquo…
How soon will the housing demand recover
2012-12-13
The Soft Gooey Centre Of A Cycle - The $64,000 question is, of course, when (and how soon) will demand recover? Alan Skinner Other As I commence composing this month's Update (and the final edition of 2012), I am gazing at the REBGV Average…
Metro Vancouver housing action constricts, but "modest" recovery is forecast for 2013
2012-12-05
PETER MITHAM/FRANK O'BRIEN Other For perhaps the first time, Metro Vancouver residential real estate investors could be looking enviously next year at Calgary, Saskatoon and even Fort St. John as a careening market claims victims on the Wes…
Bank of Canada (BoC) Interest Rate Announcement Dec 4, 2012
2012-12-04
Other At 9:00 am EST, Tuesday December 4th, 2012, the Bank of Canada again did what we expected them to do… they maintained their overnight rate. What this means to you if you have a floating / variable rate mortgage, line of credit …